FDICs Supervisory Insights Reports How Banks can Effectively Handle Security Breaches Through Incident Response Programs
Bank Secrecy Act (BSA) Information Technology Risk Management Program (IT-RMP)Federal Deposit Insurance Corporation (FDIC)Identity Theft Information Security Privacy Risk Management
How a financial institution can create an effective incident response program to mitigate a data security breach is reported in the FDIC's winter 2006 edition of Supervisory Insights, released today. Other topics covered in today's edition are: an update on CRE lending nationwide, with a look at best practices in CRE concentrations, particularly for identifying, monitoring and controlling risk in this lending area; the increasing number of unfair or deceptive acts or practices, and how examiners identify and address those violations; and highlights of recent USA PATRIOT Act changes and the types of Bank Secrecy Act (BSA)-related violations that examiners are citing.
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